Berry Global Group Inc (BERY)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	1,026,000	1,079,000	1,114,000	1,183,000	1,223,000	1,242,000	1,218,000	1,225,000	1,217,000	1,292,000	1,329,000	1,333,000	1,284,000	1,179,000	1,228,000	1,096,000	997,000	974,000	770,000	771,000
Total assets	US$ in thousands	16,144,000	16,587,000	16,549,000	16,613,000	16,451,000	16,956,000	16,885,000	17,535,000	17,341,000	17,882,000	17,577,000	17,263,000	17,176,000	16,701,000	16,731,000	16,949,000	17,024,000	16,469,000	8,809,000	8,984,000
Operating ROA		6.36%	6.51%	6.73%	7.12%	7.43%	7.32%	7.21%	6.99%	7.02%	7.23%	7.56%	7.72%	7.48%	7.06%	7.34%	6.47%	5.86%	5.91%	8.74%	8.58%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $1,026,000K ÷ $16,144,000K
= 6.36%

Operating return on assets (Operating ROA) measures how efficiently a company generates operating income from its assets. Berry Global Group Inc's Operating ROA has shown some fluctuations over the past five quarters. The trend indicates a generally positive performance, with an average Operating ROA of around 7%.

The company's Operating ROA ranged from 5.86% to 8.74% during this period, with the highest value recorded in the first quarter of 2019. Since then, the metric has exhibited slight variability, but it has generally remained above 6%.

Overall, the company has successfully maintained a relatively stable and healthy level of Operating ROA, suggesting that it is effectively utilizing its assets to generate operating income. This consistent performance indicates sound operational efficiency and asset management practices within the company.